---
schema_version: "secwatch.filing_event.v1"
accession: "0001234006-23-000008"
form_type: "8-K"
ticker: "GOOD"
cik: "0001234006"
company_name: "GLADSTONE COMMERCIAL CORP"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:21:29.256563+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gladstone Commercial Q1 Core FFO $0.37, revenue down 1.8% QoQ; cuts dividend 20%

## Summary
- Core FFO available to common stockholders $15.0M ($0.37/share), up 9.3% from Q4 2022; net loss narrowed to $(0.02)/share from $(0.03).
- Total operating revenue $36.6M, down 1.8% QoQ; portfolio occupancy 95.9% vs 96.8% in Q4.
- Common dividend reduced 20.3% to $0.30/share from $0.3762; declared $0.30 for April–June 2023.
- Acquired 76,089 sq ft industrial property for $5.3M at a 9.70% cap rate; renewed or leased 361,107 sq ft post-quarter.
- Repaid $2.7M fixed-rate debt at 4.16% interest; management targets capital recycling into industrial growth markets.

## SEC filing metadata
- accession: 0001234006-23-000008
- form_type: 8-K
- ticker: GOOD
- cik: 0001234006
- company_name: GLADSTONE COMMERCIAL CORP
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1234006/000123400623000008/0001234006-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1234006/000123400623000008/good-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001234006-23-000008
- JSON: https://secwatch.observer/filing/0001234006-23-000008.json
- Plain text: https://secwatch.observer/filing/0001234006-23-000008.txt

## Key facts
- Earnings Releases
  GLADSTONE COMMERCIAL CORP reported financial results for first quarter ended March 31, 2023.
  - Period: first quarter ended March 31, 2023
  - Result: reported results
  source text: On May 3, 2023, Gladstone Commercial Corporation issued a press release announcing its financial results for the first quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1234006/000123400623000008/0001234006-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.